$2b hotel boost
TWO BILLION DOLLARS in planned hotel investment over the next four years will add hundreds of rooms to Barbados’ hotel room stock and create 4 528 new jobs.
Of the nine hotels included in the planned and targeted Barbados Tourism Investment Inc (BTI) developments for 2015-2016, four will be new hotels to be operated by international brands, while two are existing hotel properties that are being rebuilt or refurbished.
Chief executive officer of BTI Stuart Layne (below), in an exclusive interview with the MIDWEEK NATION, said the initiatives would mean the return to productive capacity of over 800 hotel rooms closed in the last 10 years, and an addition of 2 300 rooms overall to the island’s stock.
BTI is involved in investment initiatives either by itself, through collaboration in private/public sector partnerships or by facilitating private sector projects. All three models are being applied to the projects in question. (GC)
Please read the full story in today’s Midweek Nation, or in the eNATION edition.